Economists are predicting interest rates could rise this year following a shock jump in inflation, which could prompt the Reserve Bank of Australia to walk back on its previous forecast.
The socio-economic data announced by the General Statistics Office on December 29 described Vietnam’s economic picture in a turbulent year surrounded by the pandemic, the fear of disruption of supply chains, and the confidence of the business community.
In line with market expectations, South Africa’s annual consumer price inflation (CPI) rose to 5% in September, up from 4.9% in August and 4.6% in July, Stats SA said on Wednesday.